Chongqing Shunbo Aluminum Co.Ltd(002996) the performance forecast for 2021 was released on January 26. According to the preliminary calculation of the financial department, the net profit attributable to the parent company is expected to be 304-372 million yuan last year, with a significant year-on-year increase of 55.35% - 89.87%; The net profit after deducting non profit was 245 million yuan to 300 million yuan, with an increase of 34.35% - 64.20%, and the earnings per share was 0.69 yuan to 0.85 yuan.
In 2020, the company achieved an operating revenue of 4.869 billion yuan, a year-on-year increase of 11.84%; The net profit attributable to the parent company was 196 million yuan, a year-on-year increase of 16.44%; The net profit after deducting non profit was 183 million yuan, an increase of 13.67%, and the earnings per share was 0.49 yuan.
In this regard, the company said that the performance growth mainly comes from three reasons: first, the demand of downstream customers continued to be strong during the reporting period. Thanks to the advantages of national multi regional comprehensive layout and diversified industrial applications, the sales volume of the company in East China, Southwest China, South China and central China has increased to varying degrees, and the overall sales volume has increased significantly; At the same time, the simultaneous rise of volume and price also further improves the profitability of the company.
Second, the company has continuously promoted cost reduction and efficiency increase, continuously strengthened internal fine management, maintained a high level of lean control of production efficiency and production costs, and reasonably controlled various expenses.
Third, the raised funds were used up in January 2021. The production capacity and output of Hubei Shunbo production base, a raised investment project, increased rapidly in 2021, with prominent scale effect, making Hubei Shunbo turn losses into profits and enhance its profitability.
